Toyota Develops New Magnet for Electric Motors Aiming to Reduce Use of Critical Rare-Earth Element by up to 50%

Toyota Motor Corporation has announced that it has developed the world’s first neodymium-reduced, heat-resistant magnet. Neodymium magnets are used in various types of motors such as …

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There is no need for EV policy as action plan has been prepared: Amitabh Kant

Asserting that there is no need for a policy for electric vehicles (EVs) as an action plan has been prepared, NITI Aayog CEO Amitabh Kant today said technology should not be trapped by …

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Hybrid electric vehicle conversion kit market to grow at a CAGR of 20.52% by 2021: Research and Markets

The Hybrid electric vehicle (HEV) conversion kit allows conventional vehicle to be converted into hybrid electric vehicle (HEV) or plug-in HEV (PHEV). The conversion kit …

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